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High-Powered Mining Rigs Drive Bitcoin's Accelerating Hashrate

On August 19, the combined SHA-256 hashrate between the BCH and BTC networks touched a massive high of over 91 exahash per second (EH/s). One notable contribution to today’s network hashrates is the manufacturing of next-generation mining rigs that produce a significant number of terahash. Currently, the top machine released this summer is Pangolin’s Microbt Whatsminer M20S, generating a whopping 68-70 terahash per second (TH/s).

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Bitcoin’s Hashrate Keeps on Climbing

After the birth of application-specific integrated circuits (ASICs) built for the SHA-256 consensus algorithm (BTC, BCH), the landscape of manufacturers has looked very different. Even over the course of the last two years, mining producers have changed substantially except for Bitmain, which has managed to survive through every stage. The top mining rig creators in 2019 include companies like Bitmain, Pangolin, Innosilicon, Ebang, Asicminer, and Canaan.

High-Powered Mining Rigs Drive Bitcoin's Accelerating Hashrate
The combined SHA-256 hashrate between BCH and BTC is steadily approaching 100 exahash per second.

Pangolin, Innosilicon, Bitmain, and Strongu have all produced new miners in 2019. The top mining rig this month is the new Pangolin Microbt Whatsminer M20S, a machine that produces 68-70TH/s at top speeds. Unlike most of the manufacturers located in China, the Shenzhen Bit Microelectronics Whatsminer M20S hasn’t sold out yet. The unit consumes about 3360W off the wall and its two fans have a higher sound level than most competitors as the M20S generates 75db.

High-Powered Mining Rigs Drive Bitcoin's Accelerating Hashrate
The Whatsminer M20S model from Pangolin/Microbt mining performs at 68 to 70TH/s with a power consumption of 3360W off the wall. The M20S version uses TSMC-created 12nm semiconductors.

The M20S has TSMC wafered 12nm chips powering

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